Ripped from the headlines... Interest Rates Are On the RiseTuesday, 07 July 2015 00:00
“The Federal Reserve took note Wednesday of a strengthening U.S. economy and appears on track to raise interest rates this year for the first time in nearly a decade.”
Money Magazine By CHRISTINE DIGANGI/Credit.com Posted: 07/6/2015 3:02 pm ET
“Home loan pricing (rates, loans and fees, taken together) has been on the rise for most of 2015, pushing homeownership out of reach for many Americans, as the cost of a mortgage creeps up…. Mortgages are huge loans, so a seemingly small shift in interest rates can change a borrower’s monthly payment by hundreds of dollars.”
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